Campbell Soup Co. is selling its Garden Fresh Gourmet line of salsas and other dips as part of its ongoing divestiture of its Campbell Fresh and Campbell International businesses, it announced recently.
The buyer is Fountain of Health USA — through an affiliate — a maker of hummus, dips and other foods. Financial terms were not disclosed.
Camden-based Campbell announced in August that it is divesting its Fresh and International businesses as part of a strategy review. Garden Fresh Gourmet is part of the Fresh business, as is the Bolthouse Farms unit, which is also in process of being sold.
Campbell said it expects to name buyers for both Bolthouse and the International business by the end of the fiscal year.
The Garden Fresh Gourmet transaction is expected to close in the fiscal third quarter of 2019, subject to customary approvals and conditions.